Skip to main content

Tokyo Gas will not accept destination clauses in new LNG contracts

Published by
LNG Industry,


According to Reuters, Japan’s biggest city gas supplier, Tokyo Gas Co., will not accept new contracts for long-term purchases of LNG that contain clauses restricting where the gas can be sold.

“We have no intention of signing new contracts unless the destinations are free,” Tokyo Gas President Michiaki Hirose declared.

Hirose’s comments follow the decision by Japan’s Fair Trade Commission that the so-called destination clauses that restrict the resale of LNG cargoes are anti-competitive. Since the ruling, Japan’s gas importers have been pushing to either revise their contracts or have vowed not to sign new contracts containing the clauses.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/05102017/tokyo-gas-will-not-accept-destination-clauses-in-new-lng-contracts/

You might also like

Kabel Schlepp

WEBINAR - Key criteria to ensure proper selection of a cable drag chain

In this webinar KabelSchlepp will review and discuss the items needed to ensure that a cable track is properly selected and sized for the user’s application. How diameters and weights of the fill package effect cable track selection and how the jacket material of the fill package influences the cable track design. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

LNG export news LNG import news Japan LNG news


 

LNG Industry is not responsible for the content of external internet sites.